Updated Dec 4, 2024
Rita Guastella Of Coldwell Banker Facilitates $1.2M Multifamily Sale In Cambridge, MA
14 Bay State Road
$1,200,000
$521/SF
Building Size
2,300 SF
Asset Type
MultiFamily
Closing
Jun 6, 2024
About this deal
AI
14 Bay State Rd in Cambridge, MA, was recently sold for $1,200,000. This 2-family property features 5 bedrooms, 4 baths, and spans 2,300 square feet. The interior boasts crown molding, wainscoting, marble countertops, and in-unit laundry, making it an attractive investment opportunity with current rental income below market value.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Units: 2
- Price Per Unit: $600,000
- Square Footage: 2,300
- Price Per Square Foot: $522
- Address: 14 Bay State Road, Cambridge, MA
- Market: Cambridge, MA
- Broker: Rita Guastella - Coldwell Banker
Rita Guastella of Coldwell Banker represented the parties involved in the transaction, facilitating the sale of this lucrative property in Cambridge, MA.
On the Map
$1,200,000
$521/SF
MultiFamily
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Cambridge MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93